Money: Its Nature, History, Uses and Responsibilities |
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Page 21
... fix upon some suitable spot as their future home : let us mark the result . Their stock consists at first merely of a few tools and weapons ; these , and the strong arms which are prepared to wield them , are the young foundations of ...
... fix upon some suitable spot as their future home : let us mark the result . Their stock consists at first merely of a few tools and weapons ; these , and the strong arms which are prepared to wield them , are the young foundations of ...
Page 29
... fixed portion to possess and cultivate , while the Indian still retains the nomadic habits of his ancestors . A country whose inhabitants subsist on its spon- taneous produce , must be very thinly peopled . This single fact is full of ...
... fixed portion to possess and cultivate , while the Indian still retains the nomadic habits of his ancestors . A country whose inhabitants subsist on its spon- taneous produce , must be very thinly peopled . This single fact is full of ...
Page 38
... fix the lowest price at which articles shall be sold ; but what would be the effect of such a step ? It would certainly enable the imprudent or inferior tradesman to sell his goods at more than their natural price , but the difference ...
... fix the lowest price at which articles shall be sold ; but what would be the effect of such a step ? It would certainly enable the imprudent or inferior tradesman to sell his goods at more than their natural price , but the difference ...
Page 49
... fixed in buildings and machinery , or floating in the shape of money between manufacturer and merchant , master and man , is called CAPITAL . 2. Let us now ask , How is capital produced ? The original source to which the production of ...
... fixed in buildings and machinery , or floating in the shape of money between manufacturer and merchant , master and man , is called CAPITAL . 2. Let us now ask , How is capital produced ? The original source to which the production of ...
Page 53
... fixed as those which determine the relation of electricity and thunder , or the flow and ebb of the tides . Labour , like every other commodity , like capital itself , finds its own level . Any attempt , by artificial means , to raise ...
... fixed as those which determine the relation of electricity and thunder , or the flow and ebb of the tides . Labour , like every other commodity , like capital itself , finds its own level . Any attempt , by artificial means , to raise ...
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Common terms and phrases
Adam Smith affluence amount annual arrangement Australian Alps bank notes Bank of England bankers become benevolence capital carried cave of Machpelah century cheap Christ Christian circulation coined commercial commodities competition condition currency demand Divine division of labour employed enterprises entire equal estimate existing expended extent favourable fifty fixed give gold and silver greater hand happiness honour hundred Illyria important increase individuals industry interests issued labour land less mankind manufactures means medium of exchange ment merchant millions mines moral nations nature objects perhaps person piety poods poor population possess pounds poverty precious metals present principle produce profitable proportion purchase pursuits quantity religion remarkable respect rich Roderick Murchison savings Scotland Servius Tullius shillings sitors social society soil soon spirit sterling supply talents tendency thousand tion treasures Ural Mountains vast wages wants welfare wheat whole worldly
Popular passages
Page 81 - And all king Solomon's drinking vessels were of gold, and all the vessels of the house of the forest of Lebanon were of pure gold; none were of silver: it was nothing accounted of in the days of Solomon.
Page 111 - The gold and silver money which circulates in any country may very properly be compared to a highway, which, while it circulates and carries to market all the grass and corn of the country, produces itself not a single pile of either.
Page 81 - And he made three hundred shields of beaten gold; three pounds of gold went to one shield; and the king put them in the house of the forest of Lebanon.
Page 80 - And a river went out of Eden to water the garden; and from thence it was parted, and became into four heads. The name of the first is Pison: that is it which compasseth the whole land of Havilah, where there is gold; and the gold of that land is good: there is bdellium and the onyx stone.
Page 174 - ... of theories compassing all knowledge, and of imagery peopling all space, the practical philosopher sent his hearers to their homes instructed in a doctrine cheerful, genial and active, a doctrine which taught them to be sociable and busy, to augment to the utmost of their power the joint stock of human happiness, and freely to take, and freely to enjoy, the share assigned to each by the conditions of that universal partnership. And well did the teacher illustrate his own maxims. The law of social...
Page 122 - ... however, take effect till 1821. Great distress certainly followed the readjustment of the currency, and extensive failures also took place. The whole question as to the propriety or otherwise of the measure has been much argued, and the result is thus summed up by Mr. McCulloch : — " One party contends that Mr. Peel's Act not only put an end to those fluctuations in the value of money which had previously been productive of great mischief, and gave effect to the solemn engagements into which...
Page 103 - But thou shalt have a perfect and just weight, a perfect and just measure shalt thou have : that thy days may be lengthened in the land which the LORD thy God giveth thee.
Page 102 - From November, 1850, to June, 1851, the Bank of England issued 9,500,000 sovereigns, being at the rate of 18,000,000 a year; and so great is the demand for our gold coins, that...
Page 123 - that in this, as in most other cases of the sort, the statements of both parties have been exaggerated, and that if, on the one hand, the measure has not been so advantageous as its apologists represent, neither, on the other, has it been nearly so injurious as its enemies would have us believe.
Page 174 - If the philosophical poet dismissed his audience under the spell of theories compassing all knowledge, and of imagery peopling all space, the practical philosopher sent his hearers to their homes instructed in a doctrine, cheerful, genial, and active — a doctrine which taught them to be sociable and busy, to augment to the utmost of their power the joint stock of human happiness, and freely to take, and freely to enjoy, the share assigned to each by the conditions of that universal partnership....